:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/ER4EFPNXJVDR7NMEAKMSYI5PIY.jpg)
The European stock markets, after the falls recorded yesterday Tuesday of around 1.5%, have opened the session aimlessly after yesterday the president of the US Federal Reserve (Fed), Jerome Powell, stated that It will take “longer than expected” to lower inflation to 2%, which again lengthens the rate reduction goal.
At the opening, while the bags Paris, Milan and Madrid, rose 0.33%, 0.27% and 0.08%, respectively, London lost 0.17% and Frankfurt0.01%.
He Euro Stoxx50an index in which the largest capitalization European companies are listed, also lost 0.30%.
At this time it has already been known that the United Kingdom’s annual consumer price index (CPI) fell to 3.2% in March, compared to 3.4% in February, placing it at the lowest level in more than two years, the Office for National Statistics (ONS) reported this Wednesday.
In Asia, the Tokyo Stock Exchange The Nikkei closed this Wednesday with a decrease of 1.32%its main indicator, weighed down by losses in the semiconductor sector and by signals from the US Federal Reserve regarding the continuity of high interest rates in the world’s leading economy.
Wall Street closed this Tuesday in mixed territory and its main indicator, the Dow Jones, rose 0.17% in a day marked by new signs of prudence from the Federal Reserve.
Powell said this Tuesday that the recent spikes in inflation, in February and March, They do not suggest it is under control or on track to meet the central bank’s goal.
In the US, the most relevant thing will be the publication this Wednesday of the Beige Book, which will serve the Fed to prepare its next meeting on May 1 for which no changes in rates are expected, nor are they expected for the meeting on June 12 after the strong employment and inflation data.
All of this data is leading the market to delay the first rate cut to after the summer and is even making many investors wonder if there will finally be rate cuts.
In the eurozone, the highlight will be the publication of the final CPI for March, which is expected to confirm the moderation indicated by the preliminary data in both the general and underlying rates.
In the debt market, the interest rate on long-term German bonds, remains stable and stands at 2.486% while the Spanish falls slightly to 3.327%.
Gold falls 0.38% and stands at $2,360 per ounce.
Regarding oil, Brent, the reference in Europe, fell 0.24% to $89.80 per barrel, and West Texas Intermediate (WTI), the reference in the US, lost 0.33%. and the barrel stands at 85.09 dollars, before the official opening of the market.
Bitcoin, the most popular cryptocurrency on the market, rose 1.08% to $63,846.
The euro also appreciates, in this case by 0.15%, and is exchanged at 1.0633 dollars.
Source: Elcomercio
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.
